CYPRUS: Talks With Troika In Final Stages, Next Few Hours Will Determine The Futurehttp://www.businessinsider.com/cyprus-friday-am-government-statement-2013-3/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 02 Aug 2015 16:42:14 -0400Matthew Boeslerhttp://www.businessinsider.com/c/514c63dcecad042b7b00000dWHATTHEFri, 22 Mar 2013 09:59:56 -0400http://www.businessinsider.com/c/514c63dcecad042b7b00000d
Who would have thought that getting 40% of your GDP from banks that are in bed with mobsters was a bad thing.....It's not like the party would ever end right? Oh wait......I guess plan "B" was never considered....those are some fine politicians I tell ya......http://www.businessinsider.com/c/514c59476bb3f7475c00000bnewworldorderFri, 22 Mar 2013 09:14:47 -0400http://www.businessinsider.com/c/514c59476bb3f7475c00000b
The Cult of the Personality is overextended and the balance between the individual and the community is being adjusted on a global basis.
Civilization survives, the individual does not as you will soon enter your personal terminal phase. Policy fosters the best possible broad outcomes for the greatest numbers. The billionaires are common now and each will perish with their fortunes undermined by social forces like divorce, taxation, dissolute inheritors, etc. not to mentioned determined administrative action by the NWO decade after decade.http://www.businessinsider.com/c/514c56d0eab8eaaf7b000019newworldorderFri, 22 Mar 2013 09:04:16 -0400http://www.businessinsider.com/c/514c56d0eab8eaaf7b000019
Correct, "property rights" are important but not some sort of supreme ruling value. Where people are abusive behind a rights argument those abuses will be curtailed.http://www.businessinsider.com/c/514c557a6bb3f73251000028newworldorderFri, 22 Mar 2013 08:58:34 -0400http://www.businessinsider.com/c/514c557a6bb3f73251000028
Great Post-5*-
Anyway it goes Cyprus is a great business case.http://www.businessinsider.com/c/514c51e26bb3f7324f000001Euro Exit DisasterFri, 22 Mar 2013 08:43:14 -0400http://www.businessinsider.com/c/514c51e26bb3f7324f000001
Cyprus would go through an economic depression unlike any other in modern history if they leave. Much worse than the Greek economic crisis or the Argentine economic crisis. Eurozone exit would lead to sovereign default, corporate defaults, collapse of their financial sector (which, by the way, makes up a staggering 40 percent of their GDP!), collapse of trade and political alienation from their main trade partners. Discounting the logistical nightmare of reintroducing the Cypriot pound, even if they have their old currency back, it would immediately lead to a currency crisis. The valuable euro is the only thing that is somewhat keeping their economy intact. They are doomed with their worthless national money. Super high inflation, maybe even hyperinflation, is a very real possibility on top of all their other economic and political problems.
You got it all wrong. If Cyprus leaves, it would strengthen, not weaken, the Eurozone. It would make it obvious to all Eurozone countries contemplating exit, that going back to their national currencies is so catastrophic, that they would dismiss it as a serious option for all eternity. Even the most serious eurosceptics would flip-flop right away, and become staunch euro supporters, if they see what kind of Armageddon-like effects an economy would go through. Cyprus would actually make a great example of why leaving the Eurozone is an incredibly stupid idea. Also, considering the fact that Cyprus represents just 0,2 percent of the Eurozone economy, it would hardly matter from a size perspective. And they're bankrupt anyway, so it's one less country to worry about.http://www.businessinsider.com/c/514c4fae69bedd9e62000033What for?Fri, 22 Mar 2013 08:33:50 -0400http://www.businessinsider.com/c/514c4fae69bedd9e62000033
Because it would alienate them from their main trade partners. The economy of Cyprus relies on the European internal market with half a billion consumers. Besides, what for? It was the Cypriots themselves who placed a risky bet on an unsustainable business model, with über overleveraged banks, and they lost. Can't blame foreigners or the European Union for that. Leaving the European Union would fix nothing and would make the situation much worse.http://www.businessinsider.com/c/514c4d20ecad046c4d00001eBSFri, 22 Mar 2013 08:22:56 -0400http://www.businessinsider.com/c/514c4d20ecad046c4d00001e
This is BS, on so many levels. No one forced Cyprus to join the Eurozone, that was their choice. And they're free to leave the Eurozone too, no one objects. Furthermore, it's their sovereign decision to accept the bailout package or not. Additionally, and most importantly, the other European countries had nothing to do with this home made crisis. The Cypriots placed a bet on an unsustainable business model, with über overleveraged banks, and they lost. Can't blame foreigners or the European Union for that. The other European countries, and the international community via the IMF, are merely trying to help. But the Cypriots should realise that they have no obligation to do so and they shouldn't expect free money with no strings attached. The taxpayers of the other countries want some minimal guarantees that they will see their money back. This is perfectly reasonable and if that's totalitarian I don't know in what parallel universe you're living.http://www.businessinsider.com/c/514c4d13eab8ea9d64000010Banker Restrictions on Private PropertyFri, 22 Mar 2013 08:22:43 -0400http://www.businessinsider.com/c/514c4d13eab8ea9d64000010
The bankers now directly seize control of citizens savings:
Freezing Savings - no time-frame (it's not your money anymore)
Make bank transfers dependent on Central Bank approval (a money tzar?)
Lower ATM withdrawal limits (spend it how we say?)
This is the "benifet" of the Fed printing endless money here: they don't need to seize Americans savings (yet).
Who is going to pay pay back the $85billion/month the Fed is giving to Wall St?
The correct answer is (of course) the American taxpayer. This too would make our savings a prime target. However my believe is the money will never be paid back through the use of accounting tricks
(zeroize the spreadsheet). So Americans money is safer while the dollar remains the worlds reserve curren.
Humorously the spell checker wanted to change zeroize to terrorize. LOL!http://www.businessinsider.com/c/514c4ce269beddd956000014naroFri, 22 Mar 2013 08:21:54 -0400http://www.businessinsider.com/c/514c4ce269beddd956000014
The danger is of a chain reaction in Europe. The $80 billion of deposits in Cyprus have in turn been deposited in European banks. If the depositors try to cash out their money it would have to come from the European banks that may not have the money sitting around, and will be in default themselves.http://www.businessinsider.com/c/514c4c4f6bb3f7c23f000046nananan12Fri, 22 Mar 2013 08:19:27 -0400http://www.businessinsider.com/c/514c4c4f6bb3f7c23f000046
Think before you write. Since when are all bank deposit protected against default? Is that the function of governments? When you invest in a bank prepare to take loses if the bank fails, unless you are insured.http://www.businessinsider.com/c/514c4ba269beddd35900000atjnFri, 22 Mar 2013 08:16:34 -0400http://www.businessinsider.com/c/514c4ba269beddd35900000a
Of course the other side if the coin is for the IMF and EU to just let Cyprus banks fail. Then the pain will be shared by everyone in Cyprus and the rich Russian depositors. Maybe it's better for everyone if this happens.http://www.businessinsider.com/c/514c4b876bb3f7d43f00000bM SimonsFri, 22 Mar 2013 08:16:07 -0400http://www.businessinsider.com/c/514c4b876bb3f7d43f00000b
What kind of sheep are the Cyprus people, or are we not hearing all the news ?
Such goings on here would have crowds lining the capitol with at least signs, soon to go downhill if govt were ever to try taking our deposits. Revolution is called for.http://www.businessinsider.com/c/514c4b39eab8ea6961000016naroFri, 22 Mar 2013 08:14:49 -0400http://www.businessinsider.com/c/514c4b39eab8ea6961000016
BS. No one guarantees your bank deposits above the insurance level.http://www.businessinsider.com/c/514c4b25eab8ea855c00003eBye Bye Miss EU PieFri, 22 Mar 2013 08:14:29 -0400http://www.businessinsider.com/c/514c4b25eab8ea855c00003e
Why doesn't Cyprus simply leave the EU?http://www.businessinsider.com/c/514c4b0c6bb3f7c73d000035naroFri, 22 Mar 2013 08:14:04 -0400http://www.businessinsider.com/c/514c4b0c6bb3f7c73d000035
The Cypriots are crazy if they think that the Germans would back up the assets of the bank depositors in Cyprus who have been getting much higher interest rates on their deposits than they would have gotten in German banks. So Cyprus would get the depositors' business by offering above market interest rates, and the Germans would protect the depositors against any losses. THE CYPRIOTS ARE DELUDED!http://www.businessinsider.com/c/514c499deab8ea885c00002fFIREFri, 22 Mar 2013 08:07:57 -0400http://www.businessinsider.com/c/514c499deab8ea885c00002f
Where's the Fire?
Leaving the Euro will be the best thing that ever happens to them....little do they know it! They'll be able to devalue their own currency. They will declare themselves bankrupt and therefore debt free. New Investors will surge back into Cyprus. This happens too often for people not to get that.
The fear mongering about re-instating their currency or any currency that is NOT the Euro is out of control.http://www.businessinsider.com/c/514c47f06bb3f74135000031Fritz PfisterFri, 22 Mar 2013 08:00:48 -0400http://www.businessinsider.com/c/514c47f06bb3f74135000031
Denying property rights throws the basic rule of law into the trash. Now the overlords at the EU and IMF will dictate to a sovereign nation how they must govern. The human reaction will be ugly, the economic fallout predictable. Welcome to the new totalitarian EU.http://www.businessinsider.com/c/514c4778ecad04ab4000003aIntresting WeekFri, 22 Mar 2013 07:58:48 -0400http://www.businessinsider.com/c/514c4778ecad04ab4000003a
When you yell fire, no one stays to see the end of the show!http://www.businessinsider.com/c/514c3dc069bedd8233000014George SmithFri, 22 Mar 2013 07:17:20 -0400http://www.businessinsider.com/c/514c3dc069bedd8233000014
Cyprus is already screwed no matter what happens. The off shore banking sector is gone, kaput.